(BRK.A), (BRK.B)
Chinese battery and vehicle maker BYD now has its pure electric buses running at the Kansas City International Airport.
The Kansas City International Airport added four BYD K7 transit buses to their bus fleet and is now greener than ever.
The K7 seats 22 plus the driver and has a range of up to 150 miles and a top speed of 56 mph.
The buses use BYD’s iron phosphate batteries, and have a charging time of 2.5-3 hours.
BYD and Berkshire Hathaway
In 2008, Berkshire Hathaway bet on BYD’s potential, purchasing 225 million shares. It’s an investment that has paid off handsomely. Berkshire’s original investment of $230 million has grown in value almost ten-fold, and is now worth roughly $1.96 billion.
For More on BYD, read the Special Report: BYD, Berkshire’s Tesla.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.